Lisa Picard, President and CEO of EQ Office
We attended this year's MIPIM Proptech conference and were bolstered to see trends and market evolution in line with our own experience. The keynote hit the mark - we’ve summarized our takeaways below.
At the keynote, Lisa Picard, President and CEO of EQ Office touched upon the impact of new talent on CRE investment strategy. Generation Z is mobile, really into connections, and ready to influence the future of work. Other industry tensions include:
Elevated expectations : instant gratification + everything all the time
Mobility Driven: Work is mobile, flexibility is king
Connected work environment
Culture is the software of a company, while space is the hardware of that culture
Supply tensions: capital costs are rising, customer retention is lower
Tech drives change: Cloud based tech, data monetization, intelligent interfaces all lead in trends
In 3 years, the future of work looks a bit like this:
50% of orgs believe reduction in workforce
38% will expand roles of existing workforce
25% will need to hire for new roles : VP of real estate tech; Director of Product as examples
50% > of employees need to upgrade their skill sets
Decentralized workforce and a rise in remote work
Drive for Agile work styles
Priorities for success with space:
Concentration
Collaboration
Convenience
Community